Siemens Power Deal: FG To Collaborate With Egypt

Posted on March 2, 2021

President Muhammadu Buhari has ordered the Ministry of Power to work with the Egyptian Government on an effective rollout of the Presidential Power Initiative with German engineering company, Siemens AG.

This was disclosed by Mr. Aaron Artimas, Special Adviser, Media and Communication to the Minister of Power,  in a statement in Abuja on Monday.

The Minister of Power, Mr. Sale Mamman, disclosed this in a meeting with the Egyptian Ambassador to Nigeria, Mr. Ihab Awad, citing that the FG wants to learn from Egypt’s successful implementation of a power upgrade with Siemens AG.

“The President had reasoned that obtaining more information from Egypt will enable Nigeria to maximize our agreement with Siemens, towards the total overhaul of our power grid and distribution systems,” he said.

The Power Minister said that the FG would leverage on Egypt’s rollout programme also and added that both countries would also collaborate on renewable energy, and improving other sectors of the electricity value chain.

The FG and Siemens AG have signed a contract for the pre-engineering phase of the Presidential Power Initiative.

In 2018, Siemens, Elsewedy Electric, and Orascom Construction launched a 14.4 GW  project under 30 months including the largest combined cycle megaprojects in Beni Suef, Egypt.

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